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Tata Sons gets first non-Parsi heir

Ending more than two months of uncertainty since Cyrus Mistry was removed from the post of Chairman of Tata Sons in October, Natarajan Chandrasekaran, Chief Executive Officer and Managing Director of Tata Consultancy Services (TCS) since 2009, was appointed its new head.

The appointment was made by the board of directors following an unanimous recommendation of the selection committee, which was set up to find a successor to interim chairman Ratan Tata.

“Chandrasekaran has demonstrated exemplary leadership as CEO and MD of TCS. We believe he will now inspire the entire Tata group to realise its potential, acting as leaders in their respective businesses, always in keeping with our value system and ethics and adhering to the practices of the Tata Group, which have stood it in good stead,” the Board of Tata Sons said in a statement.

Chandrasekaran, who would take charge from February 21, said: “At the Tata group, we are at an inflection point. I am aware that this role comes with huge responsibilities. It will be my endeavour to help progress the group with the ethos, ethics and values that the Tata group has been built on.”

Since his role at Tata Sons is an executive position, Chandrasekaran has resigned from TCS where he has been replaced by Rajesh Gopinathan as the CEO and MD.

TCS on Thursday also named N Ganapathy Subramaniam, who is currently President, TCS Financial Solutions, as the President and Chief Operating Officer and appointed him as a director on the board of the company. Gopinathan started his career with TCS in 2001 and was appointed as Chief Financial Officer in February 2013.